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Fly News Breaks for December 14, 2018
FLS
Dec 14, 2018 | 08:28 EDT
Credit Suisse analyst John Walsh maintained a Neutral rating on Flowserve but cut his price target to $48 following the company's analyst day. While he sees significant opportunity, as demonstrated by the case studies, Flowserve's targets for 2022 lacked detailed drivers, which he thinks was part of the "bull" case, Walsh tells investors in a research note.
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